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SHFE zinc price drops 1.3%, healthy China data fails to provide support

Zinc prices on the Shanghai Futures Exchange were down again during morning trading on Wednesday April 17, following further inflows of the metal into London Metal Exchange sheds on Tuesday.

This morning’s weakness on the SHFE mirrors that seen on the LME on Tuesday, with the LME’s three-month zinc price down by more than 3% at the close of trading after more than 14,000 tonnes flowed into LME-listed warehouses in Europe this week.

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